143 Government St

Victoria, British Columbia · Neighbourhood: James Bay
C$1,624,818

Local Decision Guide

How should buyers evaluate 143 Government St?

Start by reading this listing in its Victoria James Bay context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

For sale
143 Government St

Remarks

1st time on the market in 20 years! 4 legal suites in a solid 1907 Character building with timeless touches of elegance and sophisticated woodwork throughout. Can combine suite 1 & 4 for a deluxe owners suite (suites 2 & 3 have a separate entrance). Very rare authorization for 3 transient accommodation units- was a B&B recently & could be again- buyer to satisfy themselves as to STR regulations. See oisuites.com. New 2026 roof and hot water tanks. Significant upgrades to perimeter drains, fire safety, insulation, and plumbing. Well-cared for property with all major upgrades complete. All tenants on fixed agreements- finishing by Nov 2026. Furniture, coin-op laundry machines are all included- ready to rent revenue property. Very large and private rear yard sheltered from wind and very sunny (rare for James Bay). Nestled among other huge character homes making it an oasis from the city. A rare find and outstanding value in today’s market. Pre-list building inspection available. (id:56153)

Property Details

Fourplex
Building Type
4
Bedrooms
8
Bathrooms
1907
Year Built
119 years
Age
35
Days on Site
4,147 sqft
Interior Size
C$392
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29691221 (1034114)

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Site Context

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Property Summary

Price: C$1,624,818

PID: 008-470-952

Days on Site: 35 days

Added to BurnabyHouse: 2026-05-02

Updated on: 2026-05-26 03:02 PM PDT

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Lot info

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Schools

Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Thrifty Foods James Bay
About 405.4 m away
475 Simcoe Street
Red Barn Market
About 475 m away
325 Menzies Street
Shopping Centres
James Bay Square
About 437.7 m away
James Bay Market
About 607.9 m away
Parks / Green Space
TRIAL ISLANDS ECOLOGICAL RESERVE
About 4.7 km away
3132 · 00

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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